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The answer to this question is YES. Unfortunately dealerships can make mistakes and different names can be sent to the state department of motor vehicles and to the finance company. If this happens, it is a very difficult, if not impossible condition to correct.
If you have defaulted on your loan and not returned the vehicle, then you have basically committed a theft.
You obtain title insurance from a licensed title insurance agent; I would not purchase it from a captive agent (that is, from the lender providing my loan, or from the realtor listing/selling the house).
No. that is illegal. you must be present.
The loan must be paid off first so the lender will release the title.
Yes, you can add anyone to the title you want.
Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.
The only way to get your car title back from the Bank of America is to pay of the loan that the title is collateral for. If the loan is paid off, they will send you the title in the mail.
You can learn about Title Insurance through your bank, if you are taking a loan out for a mortgage on your house, then you will need to make sure you have Title Insurance. You can also learn about whether you need it or want it through Title Insurance agencies that offer information about this specifically.
Does a loan from a family member affect my Employment Insurance in Ontario
If there is a loan against the car then the bank is on the title and they own the car, your name would be on the registration but not on the title, so yes they can repo it. If you have the actual title in hand then their is no loan on it and you own the car.
Not where I live (Iowa). Title and loan are in my name, insurance is in girlfriends. And that's 2 diff vehicles.
Every car obtained on loan definitely is an insured one.One gives loan on insurance basis only.